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Robert F. Kennedy Jr., one of the American presidential contenders, has endorsed Bitcoin while also criticizing the newly launched Central Bank Digital Currencies (CBDCs). He claims that if elected president, he will make sure that people’s ability to possess and utilize Bitcoin is reinstated.
Additionally, Robert F. Kennedy Jr. stressed the potential for money laundering via Bitcoin but said that there is a way to stop it. While it is still unknown whether Robert F. Kennedy Jr. will become president, his speech in support of Bitcoin is enough to intensify the current bullish trend in BTC.
Key Bitcoin Levels To Watch – June 26
The BTCUSD market is bullish as major resistance levels keep getting invalidated. The recent breakout occurred after the Moving Average gave a buy signal. The price hit the $25290.0 demand zone and surged upward.
The claim that FedNow is not the first step toward a CBDC would be more easily digestible were we not aware of the Biden administration’s steady barrage of hostile broadsides against cryptocurrencies.
— Robert F. Kennedy Jr (@RobertKennedyJr) April 10, 2023
Between 2008-22, the Fed partnered with a handful of big banks to print $10…
While the market is completely dominated by bulls, the Stochastic Oscillator is currently indicating that BTCUSD has been overbought. A retracement into a discount region is necessary. This retracement is, however, likely to end as the price bounces off the major diagonal support.
Bitcoin Key Levels
Resistance Levels: $31050.0, $39112.0, $49268.0
Support Levels: $25290.0, $19570.0, $15460.0
Total Market Capitalization: $1.18T
Bitcoin Market Capitalization: $594.3B
Bitcoin Volume: $14.4B
Market Rank: #1
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